MYR Group's (NASDAQ:MYRG) Earnings Growth Rate Lags the 29% CAGR Delivered to Shareholders
MYR Group's (NASDAQ:MYRG) Earnings Growth Rate Lags the 29% CAGR Delivered to Shareholders
MYR Group Inc. (NASDAQ:MYRG) shareholders might understandably be very concerned that the share price has dropped 34% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. Indeed, the share price is up an impressive 259% in that time. Generally speaking the long term returns will give you a better idea of business quality than short periods can. Of course, that doesn't necessarily mean it's cheap now.
MYR Group Inc.(納斯達克:MYRG)的股東可能會非常擔心股價在上個季度下跌了34%。 但這並不改變過去五年的回報率非常強勁的事實。實際上,在這段時間裏,股價上漲了259%。總的來說,長期回報將更好地反映業務質量,而不是短期回報。當然,這並不意味着現在便宜。
Although MYR Group has shed US$71m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.
雖然MYR Group這周市值減少了7100萬美元,但讓我們來看一下它更長期的基本趨勢,看看它們是否推動了回報。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
雖然一些人仍然在教授高效市場假說,但已經證明市場是過度反應的動態系統,投資者不總是理性的。一種有缺陷但合理的評估公司情緒變化的方法是比較每股收益 (EPS) 與股價。
Over half a decade, MYR Group managed to grow its earnings per share at 8.2% a year. This EPS growth is slower than the share price growth of 29% per year, over the same period. So it's fair to assume the market has a higher opinion of the business than it did five years ago. That's not necessarily surprising considering the five-year track record of earnings growth.
在半個世紀的時間裏,MYR Group成功地以每年8.2%的速度增長了每股收益。與此同時,股價在同一時期以每年29%的速度增長,EPS增長速度較慢。因此,可以合理地假設市場對企業的評價比五年前更高。考慮到過去五年的收益增長記錄,這並不令人意外。
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
您可以在下面的圖片中查看每股收益如何隨時間變化(單擊圖表以查看確切的價值)。
![1724671398425](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240826/42873423-0-f4607f6306feef7f93564504a1e9599d.webp/bigjpg)
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Dive deeper into the earnings by checking this interactive graph of MYR Group's earnings, revenue and cash flow.
值得一提的是,我們在上個季度看到了顯著的內部買入,我們認爲這是一個積極的信號。另一方面,我們認爲營收和收益的趨勢更是業務的重要指標。查看MYR Group收益、營業收入和現金流的交互式圖表來深入了解收益情況。
A Different Perspective
不同的觀點
MYR Group shareholders are down 27% for the year, but the market itself is up 28%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 29%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with MYR Group .
MYR Group股東今年跌了27%,但整個市場上漲了28%。然而,要記住即使是最好的股票有時也會在12個月的時間窗口內表現不佳。從長期來看,投資者不會那麼沮喪,因爲他們在過去五年每年都能賺到29%。最近的拋售可能是一個機會,所以值得檢查基本數據是否顯示出長期增長趨勢的跡象。雖然考慮到市場狀況對股價的影響是很有價值的,但也有其他更重要的因素。爲此,您應該注意到我們發現的一個警示信號。
MYR Group is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
MYR Group並不是唯一股票內部人在買入的。因此,查看這份免費的小盤公司名單,這些小盤公司的內部人一直在買入,對於估值有吸引力。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.
請注意,本文所引述的市場回報反映了目前在美國交易所上市的股票的市場加權平均回報。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。